Quotation Badinger, Harald, Nindl, Elisabeth. 2014. Globalization and Corruption, revisited. The World Economy 37 (10): 1424-1440.


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Abstract

This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalisation and inequality. The estimates for a panel of 102 countries over the period 1995-2005 point to three main results: (i) Detection technologies, reflected in a high level of development, human capital and political rights reduce corruption, whereas natural resource rents increase corruption; (ii) Globalisation (in terms of both trade and financial openness) has a negative effect on corruption, which is more pronounced in developing countries; (iii) Inequality increases corruption, and once the role of inequality is accounted for, the impact of globalisation on corruption is halved. In line with recent theory, this suggests that globalisation - besides reducing corruption through enhanced competition - affects corruption also by reducing inequality.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal World Economy
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C
Language English
Title Globalization and Corruption, revisited
Volume 37
Number 10
Year 2014
Page from 1424
Page to 1440
Reviewed? Y

Associations

People
Badinger, Harald (Details)
Nindl, Elisabeth (Former researcher)
Organization
Institute for International Economics IN (Details)
Research Institute for European Affairs FI (Details)
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